Hyperliquid Seeks CFTC Approval for Energy Perpetual Futures Trading
The Hyperliquid Policy Center (HPC) has urged the US Commodity Futures Trading Commission (CFTC) to create a regulatory framework for trading energy perpetual futures.
HPC, the policy arm of global decentralized exchange Hyperliquid, made the request in a joint comment letter with perpetual futures infrastructure firm TradeXYZ on August 26.
The group argued that on-chain crude oil perpetual futures could serve as a risk-management tool for US companies and investors by pricing in weekend market moves ahead of traditional markets.
HPC cited research showing that, in about 75% of the weekend market closures it studied, weekend prices in crude oil perpetual futures were closer to the Sunday reopening price than to the regular market's Friday close.